Mathematics, 18.10.2021 16:40, mervesena01

According to a life insurance company's mortality table, the probability that a woman of a certain age will survive 1 year is .993 and the probability that she will die within 1 year is .007. If she buys a $20,000, 1-year policy for $200, what is the company's expected gain or loss?

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According to a life insurance company's mortality table, the probability that a woman of a certain a...